Commercial Property Opportunity with Two Buildings in Naha, Okinawa
This commercial property listing presents a significant investment opportunity on a large 639.62 square meter plot (approximately 193 tsubo) located on Oodori Avenue in Naha City, Okinawa. The site currently houses two separate structures: a 382.13 square meter hospital building and a 341.75 square meter residential building, offering a combined total floor area of 723.88 square meters. The property is designated for commercial and primary residential use within an urbanization promotion area.
Critical agent notes provide essential details for prospective buyers. The fixed asset tax for Reiwa 7 (2025) is 868,800 yen. There is a set-back requirement for a "二項道路" (two-item road) affecting approximately 80 square meters of the land. The total land consists of two separate parcels: lot 133-10 at 498.96 square meters and lot 133-7 at 140.66 square meters. A crucial condition is that all demolition costs for the existing structures will be the responsibility of the purchaser.
The property itself is a reinforced concrete block (RCB) construction built in April 1969, making it 56 years old. It offers excellent access, being just a 9-minute walk from the Yui Monorail's Asato Station, connecting it directly to Naha's central transit network. The location on a major thoroughfare is ideal for business-oriented uses.
The surrounding area of Naha is the vibrant capital of Okinawa Prefecture, rich in history and culture. An interesting local fact is that Naha was the capital of the Ryukyu Kingdom for centuries, a trading hub that influenced much of East Asia. The property is conveniently located not far from the iconic Shuri Castle, a UNESCO World Heritage Site and former palace of the Ryukyu kings, which is a major tourist attraction and symbol of Okinawan heritage.
